EV Charging Station Raw Materials Market to be Worth $8.1 Billion by 2031
Meticulous Research®—a leading global
market research company, published a research report titled, ‘EV
Charging Station Raw Materials Market by Material Type (Metals & Alloys
(Stainless Steel, Aluminum, Copper), Polymers (PC Resins, Elastomers, TPU)),
Application (Cords, Displays), Charging Type, and Geography—Global Forecast to
2031.’
According to this latest publication from
Meticulous Research®, the global EV charging station raw materials
market is projected to reach $8.1
billion by 2031, at a CAGR of 35.6% from
2024–2031. In terms of volume, the
market is expected to reach 1,09,248.5 metric tons by 2031, at a CAGR of 12.7%
from 2024–2031.The growth of the EV charging station raw materials market is
driven by supportive government policies for establishing EV charging stations,
increasing adoption of EVs, and increasing initiatives by private companies for
deploying EV charging infrastructure. However, the potential shortfall in
mining capabilities and the environmental effects of illegal mining in
ecologically sensitive regions restrain the growth of this market.
Furthermore, the
increasing adoption of electric mobility in emerging economies is expected to
generate growth opportunities for the stakeholders in this market. However, the
highly vulnerable supply chain is a major challenge impacting the growth of the
EV charging station raw materials market.
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The global EV charging
station raw materials market is segmented by material type (metals & alloys
(copper, stainless steel, carbon steel, aluminum, nickel, titanium, chrome,
other metals & alloys), polymers (thermoplastic polyurethanes, polycarbonate
blends, polyurethanes, elastomers, polycarbonate resins)), application (cords,
internal wiring, enclosures, connector guns, thermal switches, displays,
flexible conduits, electric circuit breakers, energy meters and timers, cable
hangers, nylon glands/lock nuts, charger plug holsters, other applications),
charging type (level 2 charging, DC fast-charging, level 1 charging). The study
also evaluates industry competitors and analyzes the market at the regional and
country levels.
EV Charging Station Raw Materials Market Assessment—by Material Type
·
Metals & Alloys
o
Copper
o
Stainless Steel
o
Carbon Steel
o
Aluminum
o
Nickel
o
Titanium
o
Chrome
o
Other Metals & Alloys
·
Polymers
o
Thermoplastic Polyurethanes
o
Polycarbonate Blends
o
Polyurethanes
o
Elastomers
o Polycarbonate
Resins
EV Charging
Station Raw Materials Market Assessment—by Application
·
Cords
·
Internal Wiring
·
Enclosures
·
Connector Guns
·
Thermal Switches
·
Displays
·
Flexible Conduits
·
Electric Circuit Breakers
·
Energy Meters and Timers
·
Cable Hangers
·
Nylon Glands/Lock Nuts
·
Charger Plug Holsters
·
Other Applications
EV Charging
Station Raw Materials Market Assessment—by Charging Type
·
Level 2 Charging
·
DC Fast-Charging
·
Level 1 Charging
EV Charging Station Raw Materials
Market Assessment—by Geography
o
U.S.
o Canada
·
Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Morocco
o
Rest of Europe
o
Japan
o
China
o
India
o
South Korea
o
Singapore
o Rest of Asia-Pacific
o
Mexico
o
Brazil
o
Rest of Latin America
o UAE
o Israel
o Rest
of Middle East & Africa
To gain more insights into the market with a detailed
table of content and figures, click here:https://www.meticulousresearch.com/product/ev-charging-station-raw-materials-market-5200
Based
on material type, the global EV
charging station raw materials market is segmented into metals & alloys and
polymers. In 2024, the metals & alloys segment is expected to account for
the larger share of over 60% of the global EV charging station
raw materials market. This segment’s large market share can be attributed to
the surge in electric vehicle adoption, increasing investments and initiatives
by electric mobility stakeholders to deploy wireless EV charging systems, and
increasing government initiatives aimed at promoting the use of EVs. Metals and
alloys possess the essential physical and aesthetic properties necessary for
manufacturers to meet design and operational standards for electric vehicles
and charging stations at optimal prices. Among these, stainless steel,
aluminum, copper, nickel, and titanium are the most utilized raw materials
within the electric mobility ecosystem.
However, the polymer
segment is projected to register a higher CAGR during the period. This growth
is attributed to the rising demand for various polymers used in EV charging
stations, coupled with the increasing focus on sustainability in sourcing materials.
Polymers are utilized for making enclosures, cable coatings, flexible conduits,
plug holsters, connectors, and displays for EV charging stations. These
lightweight materials offer excellent durability and heat resistance while
being easily moldable into various shapes and sizes.
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Based on application, the global EV Charging Station Raw Materials market is
segmented into cords, connector guns, enclosures, charger plug holsters, nylon
glands/lock nuts, electric circuit breakers, energy meters and timers, internal
wiring, flexible conduits, thermal switches, cable hangers, displays, and other
applications. In 2024, the cords segment is expected to account for the largest
share of over 61% of the global EV charging station raw
materials market. This segment’s large market share can be attributed to the
frequent replacement of EV charging station cords due to their low operational
lifespan, the global surge in EV adoption, the rising demand for high-power
charging (HPC) cables, and technological advancements in EV charging cables,
including innovations like liquid-cooling.
However, the connector
guns segment is projected to register the highest CAGR during the forecast
period. The growth of this segment is driven by several factors, including the
rising demand for DC fast-charging stations in European countries and the U.S.,
the rising adoption of electric mobility in emerging economies, and the growing
initiatives by governments in countries like India, Thailand, Singapore, and
other Southeast Asian nations aimed at accelerating the deployment of EV
charging infrastructure and foster the development of an EV ecosystem,
including the manufacturing of Electric Vehicle Supply Equipment (EVSE)
components.
Based on charging type, the global EV Charging Station Raw Materials market is
segmented into Level 1 charging, Level 2 charging, and DC fast-charging. In
2024, the Level 2 charging segment is expected to account for the largest share
of over 85% of the global EV charging station raw materials
market.
However, the DC
fast-charging segment is projected to register the highest CAGR during the
forecast period. The growth of this segment can be attributed to increasing
government initiatives aimed at installing fast-charging stations, rebates
offered on the purchase of DC fast-charging stations, rising investments from
automakers in the development of DC fast-charging station infrastructure to
support their long-range battery-electric vehicles, and the superior charging
speed provided by DC fast chargers compared to Level 1 and Level 2 charging
stations.
Based on geography, the EV Charging Station Raw Materials market is
segmented into North America, Europe, Asia-Pacific, Latin America, and the
Middle East & Africa. In 2024, Asia-Pacific is expected to account for the
largest share of over 59% of the global EV charging station
raw materials market. Asia-Pacific’s significant market share can be attributed
to the growing demand for EVs in countries such as China and Japan and rising
government initiatives to reduce greenhouse gas emissions. Additionally,
electrification presents various opportunities across the value chain. For
economies with well-established automotive manufacturing hubs like Indonesia
and Thailand, it offers opportunities to expand their EV and charging station
production. Moreover, it allows less developed economies to advance their
automotive manufacturing capabilities. Moreover, the market in Asia-Pacific is
projected to record the highest CAGR of over 38% during the
forecast period.
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Key Players
The key players operating
in the EV charging station raw materials market are Ryerson Holding Corporation
(U.S.), DOMO Chemicals GmbH (Germany), DuPont de Nemours, Inc. (U.S.), SABIC
(Saudi Arabia), BASF SE (Germany), thyssenkrupp AG (Germany), Covestro AG
(Germany), Evonik Industries AG (Germany), POSCO (South Korea), Trinseo S.A.
(U.S.), Celanese Corporation (U.S.), and Lanxess AG (Germany).
Key Questions Answered in the Report:
·
What are the
high-growth market segments in terms of the material type, application, and
charging type?
·
What is the
historical market size for the global EV charging station raw materials market?
·
What are the market
forecasts and estimates for 2024–2031?
·
What are the major
drivers, restraints, opportunities, challenges, and trends in the global EV
charging station raw materials market?
·
Who are the major
players in the global EV charging station raw materials market, and what are
their market shares?
·
What is the
competitive landscape like?
·
What are the recent
developments in the global EV charging station raw materials market?
·
What are the
different strategies adopted by major market players?
·
What are the trends
and high-growth countries?
·
Who are the local
emerging players in the global EV charging station raw materials market, and
how do they compete with other players?
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Research®
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